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Business News

Britcoin? UK gets closer to launching a digital currency

Britcoin? UK gets closer to launching a digital currency

Feb 6, 2023 / 5:58 pm

Britcoin is moving closer to reality. U.K. authorities on Monday said British businesses and consumers are likely to need a digital version of the pound,...

Google notifying Canadian employees impacted by global layoff of 12,000 workers

Google notifying Canadian employees impacted by global layoff of 12,000 workers

Feb 6, 2023 / 11:13 am

Google says Canadian employees affected by recently announced job cuts are being told today whether they have been laid off. Google Canada spokesperson Lauren...

Hudson's Bay to close two Alberta department stores this summer amid 'market changes'

Hudson's Bay to close two Alberta department stores this summer amid 'market changes'

Feb 6, 2023 / 9:06 am

Hudson's Bay is shuttering two department stores in Alberta, saying the decision reflects market changes and the company's vision for the future. The...

Uber relaunches shared ride option in some Canadian cities under new name

Uber relaunches shared ride option in some Canadian cities under new name

Feb 6, 2023 / 7:00 am

Uber Technologies Inc. says it is bringing its shared rides offering back to Canada with a new name. The ride-hailing giant says Toronto, Montreal and Vancouver...

Renault, Nissan reboot auto alliance for post-Ghosn era

Renault, Nissan reboot auto alliance for post-Ghosn era

Feb 6, 2023 / 6:54 am

Automakers Renault and Nissan on Monday formalized their reboot of a relationship that had grown rocky, culminating in the spectacular fall of top executive...

ChatGPT bot channels history to pen State of Union speech

ChatGPT bot channels history to pen State of Union speech

Feb 6, 2023 / 6:48 am

If you’ve heard it once in a president's State of the Union speech, you’ve heard it 100 times: There is nothing the American people can’t...

Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

Feb 6, 2023 / 6:36 am

Experts say the outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in...

BoC's first summary of deliberations coming this week. Here's what to expect

BoC's first summary of deliberations coming this week. Here's what to expect

Feb 6, 2023 / 6:35 am

The Bank of Canada is set to publish its first summary of deliberations Wednesday, giving Canadians a peek into the governing council's reasoning behind its...

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

Feb 6, 2023 / 6:16 am

Five things to watch for in the Canadian business world in the coming week: Bank of Canada Bank of Canada governor Tiff Macklem will give a speech in Quebec...

Meet me in the metaverse: Some companies set up shop in a digital environment

Meet me in the metaverse: Some companies set up shop in a digital environment

Feb 5, 2023 / 5:06 pm

As a snowstorm bore down on Toronto, Aaron Grinhaus spoke fondly about the view from his office — not his law firm's building in midtown, but the one...

Paramedics owed back pay after Bill 124 ruled unconstitutional, arbitrator says

Paramedics owed back pay after Bill 124 ruled unconstitutional, arbitrator says

Ontario Feb 3, 2023 / 6:21 pm

Ontario's air ambulance service must give its paramedics retroactive pay after wage restraint legislation known as Bill 124 was struck down, an arbitrator...

Airlines ask Supreme Court to hear case on passenger bill of rights

Airlines ask Supreme Court to hear case on passenger bill of rights

Feb 3, 2023 / 6:13 pm

A group of airlines is asking the Supreme Court of Canada to hear their case after a lower court largely upheld the validity of Canada's air passenger bill...

Jury clears Musk of wrongdoing related to 2018 Tesla tweets

Jury clears Musk of wrongdoing related to 2018 Tesla tweets

Feb 3, 2023 / 3:27 pm

UPDATE 3:25 p.m. A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla. The verdict by the nine...

Investors made up 20 to 30% of homeowners in some provinces: Statistics Canada

Investors made up 20 to 30% of homeowners in some provinces: Statistics Canada

Feb 3, 2023 / 12:12 pm

New Statistics Canada data shows investors made up almost one third of homeowners in some provinces in 2020. The data agency says investors made up 31.5 per...

'Ready to roll': CP Rail preparing for KCS merger, ruling expected within weeks

'Ready to roll': CP Rail preparing for KCS merger, ruling expected within weeks

Feb 3, 2023 / 9:05 am

With the final decision by a U.S. regulator just weeks away, Canadian Pacific Railway Ltd.'s CEO says the company is "ready to roll" on its...

US adds surprisingly strong 517,000 jobs despite Fed hikes

US adds surprisingly strong 517,000 jobs despite Fed hikes

Feb 3, 2023 / 7:42 am

America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to...

'Made-in-Canada system' keeps egg supply stable. But is it also keeping prices high?

'Made-in-Canada system' keeps egg supply stable. But is it also keeping prices high?

Feb 3, 2023 / 7:06 am

Canada's egg industry appears to be quietly sidestepping widespread shortages and wildly spiking prices affecting other countries, and some say supply...

Taseko in talks to up stake in huge BC copper mine

Taseko in talks to up stake in huge BC copper mine

Feb 3, 2023 / 6:46 am

Taseko Mines Ltd. says it is in talks regarding a potential deal to increase its stake in its Gibraltar copper mine in B.C. The company says it has been in...

Amazon beats Q4 revenue estimates, but profits slump

Amazon beats Q4 revenue estimates, but profits slump

Feb 3, 2023 / 6:18 am

Amazon on Thursday reported worse-than-expected fourth-quarter profits, but its revenue beat expectations boosted by sales in its cloud-computing unit AWS,...

Teck completes sale of Fort Hills stake to project partners; exits oilsands

Teck completes sale of Fort Hills stake to project partners; exits oilsands

Feb 2, 2023 / 4:08 pm

Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada...

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